Makara Sankranti is a Hindu festival celebrated in almost all parts of India and Nepal in a myriad of cultural forms.

The movement of Sun which changes from one zodiac sign to the other is known as Sankranti. In Tamil Nadu it is called in a different name as Pongal. Pongal is a main festival celebrated by Tamil people at the end of the harvest season. Pongal is a four day festival which usually takes place from January 13 to 16 but in this year the Pongal celebration starts from 15th of January! Interestingly, it is a bigger festival than Diwali in South India and it is also linked with money in most of the business culture. Good decisions are taken in this month and hence we expect something good from the market now.

SInce Monday, both Nasdaq and Dow Jones fell off from the roof. Yesterday we wrote that the Nifty has found the bottom while all the others had expected the Nifty to go down taking cues from US markets. In fact Nifty went down a bit but recovered at the end of the day. World economy is expected to grow slower this year on account of unprecedented fall in the Oil prices. Owing to this, the NDTV poster boy Prannoy Roy interviewed the economists and market players and they informed that the world economy is going to experience recession this year. Investors are confused and called me if they have to sell off owing to NDTV’s valuable information. As informed earlier we expect a strong consolidation now in Indian markets but it is expected to go higher this year with select stocks moving up sharply.

Despite the US markets are weak, we expect the Indian market to move up now. Though copy cat analysts may inform you to go short on the basis of weak global cues or some other information we are bullish on our market and we expect Pongal Gift from it. We had been successful in predicting 2008 crash and the up move in Nifty from 5000+ (when everyone were bearish) we also predicted the market to go down after Nifty hit 8600+ and we also predicted the reversal from 8000. God has helped us to predict it right and we believe God has gifted us with some special indicators to help the investors community. If we go wrong we would accept it as our mistake (after all no one is infallible ) but on the other hand we would thank God if we are right (yes the Almighty has selected me as a special person to gift the indicator and it has been working perfect since 2005)!

The next 2 days we would like to celebrate Pongal happily with family and friends and hence we may not be able to post the newsletter. We expect a bullish market for now and we will join you on Monday.